A New Mexico LLC operating agreement comprises a written record detailing the intended operational protocols of a limited liability company. It stipulates management practices, member responsibilities, and profit-sharing policies to create an understanding moving forward with the business.
Does New Mexico Require an Operating Agreement?
No, but it is strongly suggested. The contract serves to clarify business operations as well as bolster liability protection for those involved with the company.
By Type (2)
Multi-Member LLC Operating Agreement
– Reinforces the operating structure and financial rules for a limited liability company with more than one member.
Download: Adobe PDF, MS Word (.docx)
Single-Member LLC Operating Agreement – Contracts the specific operational procedures and decision-making policies for a one-owner LLC.
Download: Adobe PDF, MS Word (.docx)